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China Completes Crew Handover on Space Station, Ushering in New Era of Scientific Exploration
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China Completes Crew Handover on Space Station, Ushering in New Era of Scientific Exploration

Three astronauts from China’s Shenzhou-18 mission successfully docked with the country’s space station today, marking the beginning of a new phase of scientific exploration. The crew, led by veteran astronaut Ye Guangfu, was greeted by their counterparts from the Shenzhou-17 mission after the hatch opened at 5:04 am Beijing Time. This historic meeting signifies the...

China’s economic growth came in higher than predicted at 5.3% for the first quarter, suggesting an improving economic climate
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China’s economic growth came in higher than predicted at 5.3% for the first quarter, suggesting an improving economic climate

China’s economic performance in the first quarter of 2024 surpassed expectations, with GDP growth reaching 5.3%. This positive momentum puts the country on track to achieve its annual target of around 5% growth, despite ongoing headwinds. Economists polled by Wind had previously predicted a more modest increase of 4.9%. This stronger-than-anticipated performance underscores a pick-up...

Singapore’s Tech Odyssey: Deputy PM Explores Shenzhen’s Innovation Frontier
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Singapore’s Tech Odyssey: Deputy PM Explores Shenzhen’s Innovation Frontier

Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies, Heng Swee Keat, spearheaded a delegation of around 30 members on a significant voyage to Shenzhen, China’s dynamic tech hub, on Tuesday. In a meticulously planned itinerary, the delegation embarked on a journey through the technological frontiers of Shenzhen, paying visits to a constellation of...

Shenzhen’s Robotics Industry Gears Up: Surge in New Companies and Innovation
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Shenzhen’s Robotics Industry Gears Up: Surge in New Companies and Innovation

The recently released 2023 Shenzhen Robotics Industry Development White Paper, compiled by the Shenzhen Robotics Association, paints a picture of a burgeoning robotics sector in the southern Chinese metropolis. A staggering 10,408 new robotics companies registered in the city last year, representing a robust 19.62% year-on-year increase. This surge in new players is geographically concentrated,...

Shenzhen’s Cross-Border E-Commerce Booms, Surpassing 110 Billion Yuan in Q1
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Shenzhen’s Cross-Border E-Commerce Booms, Surpassing 110 Billion Yuan in Q1

Shenzhen, a leading force in China’s cross-border e-commerce landscape, has shattered records in the first quarter of 2024. The city’s import and export volume in this sector surpassed a staggering 110 billion yuan (US$15.2 billion), marking a year-on-year surge of over 95%. This impressive figure not only sets a new high for Q1 but also...

Signs of Life in China’s Housing Market: Pre-Owned Homes Lead the Recovery
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Signs of Life in China’s Housing Market: Pre-Owned Homes Lead the Recovery

Early signs of a turnaround are emerging in China’s property market, with the pre-owned homes sector showing particular promise. Data for the first two months of 2024 paints a picture of a market cautiously regaining its footing, fueled by a combination of government stimulus measures and a rise in available listings. Year-on-year sales of pre-owned...

Hengqin Unveils Sweeping Measures to Ignite Tech Innovation
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Hengqin Unveils Sweeping Measures to Ignite Tech Innovation

The Guangdong Macao In-Depth Cooperation Zone in Hengqin has taken a bold step to become a hotbed for technological innovation. They recently unveiled a comprehensive package of “Several Measures for Promoting Technological Innovation Development in the Cooperation Zone,” outlining 22 initiatives designed to supercharge tech advancement across six key areas. These measures prioritize collaboration. Hengqin...

China Accelerates Quantum Race, Narrowing Gap with US Dominance
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China Accelerates Quantum Race, Narrowing Gap with US Dominance

Patent data paints a compelling picture of the evolving landscape in quantum technology. From 2013 to 2022, China witnessed a surge in quantum computing patents, accounting for a staggering 56.5% of all domestic quantum-related patents granted. This explosive growth signifies China’s ambitious push to become a leader in this transformative field. A report published by...